Same old same old

The indexes ended right about where they stopped yesterday. Although the indexes were pretty tame, individual stocks seemed to move up nicely…MON DRYS CSCO had very nice moves. Even INTC ended in the green but well off last nights spike after earnings report.

This evening after China announced GDP up 10.3%, the US dollar sunk, and S&P futures popped. But why? Although impressive numbers, it was lower than expected and lower than the last report. I expect our futures will retreat after the initial pop.

I came across this quote today:

Raymond Floyd, a golfer…. When asked about the pressures of playing a high-stakes game against other very skilled players, Mr. Floyd said, “It’s all about focus. The losers think about the money. The winners think about hitting perfect shots.” … Sounds a lot like trading.

And remember…Options expiration is designed to take as much money from as many people as money managers can. So be careful the next 2 days.